Enpro Inc 2024年度报告

2024 Enpro is a leading industrial technology companyfocused on critical applications across many end-markets,including semiconductor, industrial process, commercialvehicle, sustainable power generation, aerospace, food andpharma, photonics and life sciences. Enpro’s performance in2024 demonstrated theresilience and strengthof our platform, which wehave optimized to produceoutstanding results ina variety of economicenvironments. This year, ourteams executed well andremained agile. We investedin growth opportunities and˟˘˩˘˥˔˚˘˗ˢ˨˥˘˙Ѓ˖˜˘ˡ˖ˬacumen as we drive to˔˖˖˘˟˘˥˔˧˘ˣ˥ˢЃ˧˔˕˜˟˜˧ˬ˔ˡ˗value creation. Eric A. Vaillancourt˃˥˘˦˜˗˘ˡ˧˔ˡ˗ʶ˛˜˘˙ʸ˫˘˖˨˧˜˩˘˂˙Ѓ˖˘˥ Fellow Shareholders, ˂˨˥ʥʣʥʧˣ˘˥˙ˢ˥ˠ˔ˡ˖˘˥˘Є˘˖˧˘˗˧˛˘˜ˡ˛˘˥˘ˡ˧˕˔˟˔ˡ˖˘ʟˤ˨˔˟˜˧ˬ˔ˡ˗˗˜˙˙˘˥˘ˡ˧˜˔˧˘˗˩˔˟˨˘ˢ˙ˢ˨˥ˣˢ˥˧˙ˢ˟˜ˢ˔˦˪˘˟˟˔˦˧˛˘˘˙Ѓ˖˜˘ˡ˖ˬˢ˙ˢ˨˥˕˨˦˜ˡ˘˦˦ˠˢ˗˘˟ʡ˂˨˥ˣˢ˥˧˙ˢ˟˜ˢˢ˙˟˘˔˗˜ˡ˚ʠ˘˗˚˘˧˘˖˛ˡˢ˟ˢ˚ˬ˦ˢ˟˨˧˜ˢˡ˦ˢˡ˖˘˔˚˔˜ˡ˦˔˙˘˚˨˔˥˗˘˗ˢ˨˥˖˨˦˧ˢˠ˘˥˦Ϡ˖˥˜˧˜˖˔˟˘ˡ˩˜˥ˢˡˠ˘ˡ˧˦˜ˡ˔˩˔˥˜˘˧ˬˢ˙˔ˣˣ˟˜˖˔˧˜ˢˡ˦˧˛˔˧˧ˢ˨˖˛˘˔˖˛ˢ˙ˢ˨˥˟˜˩˘˦˘˩˘˥ˬ˗˔ˬϝ˔ˡ˗˪˘˪˘˥˘˔˚˔˜ˡ˦˨˖˖˘˦˦˙˨˟˜ˡ˜˗˘ˡ˧˜˙ˬ˜ˡ˚ˢ˥˚˔ˡ˜˖˚˥ˢ˪˧˛ˢˣˣˢ˥˧˨ˡ˜˧˜˘˦˜ˡ˞˘ˬ˔˥˘˔˦˪˛˘˥˘˪˘˛˔˩˘˘ˡ˗˨˥˜ˡ˚˔ˣˣ˟˜˘˗˘ˡ˚˜ˡ˘˘˥˜ˡ˚ʟ˧˘˖˛ˡˢ˟ˢ˚ˬʟ˔ˡ˗ˣ˥ˢ˖˘˦˦˔˗˩˔ˡ˧˔˚˘˦ʡ ˂˨˥˘˫˖˘ˣ˧˜ˢˡ˔˟ˣ˘˥˙ˢ˥ˠ˔ˡ˖˘˜ˡˆ˘˔˟˜ˡ˚ˇ˘˖˛ˡˢ˟ˢ˚˜˘˦˔˟˟ˢ˪˘˗˨˦˧ˢˢ˙˙˦˘˧˖ˢˡ˧˜ˡ˨˘˗˪˘˔˞ˡ˘˦˦˜ˡ˦˘ˠ˜˖ˢˡ˗˨˖˧ˢ˥˖˔ˣ˜˧˔˟˘ˤ˨˜ˣˠ˘ˡ˧˦ˣ˘ˡ˗˜ˡ˚˔ˡ˗˔˦˛˔˥ˣ˗˘˖˟˜ˡ˘˜ˡ˖ˢˠˠ˘˥˖˜˔˟˩˘˛˜˖˟˘˂ʸˀ˗˘ˠ˔ˡ˗˪˛˜˖˛˪˘˔ˡ˧˜˖˜ˣ˔˧˘˗˔˦˧˛˘ˬ˘˔˥ˣ˥ˢ˚˥˘˦˦˘˗ʡʼˡˆ˘˔˟˜ˡ˚ˇ˘˖˛ˡˢ˟ˢ˚˜˘˦ʟ˪˘˖˔ˣ˧˨˥˘˗˚˥ˢ˪˧˛ˢˣˣˢ˥˧˨ˡ˜˧˜˘˦˪˛˘˥˘˪˘˛˔˩˘˖˟˘˔˥˧˘˖˛ˡˢ˟ˢ˚ˬ˔ˡ˗˔˙˧˘˥ˠ˔˥˞˘˧˔˗˩˔ˡ˧˔˚˘˦˜ˡ˞˘ˬˠ˔˥˞˘˧˦˦˨˖˛˔˦ˡ˨˖˟˘˔˥˘ˡ˘˥˚ˬʟ˔˘˥ˢ˦ˣ˔˖˘ʟ˔ˡ˗˦ˣ˔˖˘˔ˣˣ˟˜˖˔˧˜ˢˡ˦ʟ˔ˡ˗˖˔ˣ˜˧˔˟˜˭˘˗ˢˡ˖ˢˡ˦˜˦˧˘ˡ˧˚˘ˡ˘˥˔˟˜ˡ˗˨˦˧˥˜˔˟˔ˡ˗˖ˢˠˠ˘˥˖˜˔˟˩˘˛˜˖˟˘˔˙˧˘˥ˠ˔˥˞˘˧˗˘ˠ˔ˡ˗˔ˡ˗˜ˠˣ˥ˢ˩˘˗˧˥˘ˡ˗˦˜ˡ˙ˢˢ˗˔ˡ˗ˣ˛˔˥ˠ˔ʡ ʼˡʴ˗˩˔ˡ˖˘˗ˆ˨˥˙˔˖˘ˇ˘˖˛ˡˢ˟ˢ˚˜˘˦ʛʴˆˇʜʟˢ˩˘˥˔˟˟˦˔˟˘˦˥˘ˠ˔˜ˡ˘˗˨ˡ˗˘˥ˣ˥˘˦˦˨˥˘˚˜˩˘ˡ˧˛˘˪˘˟˟ʠ˞ˡˢ˪ˡ˖˛˔˟˟˘ˡ˚˘˦˜ˡ˧˛˘˦˘ˠ˜˖ˢˡ˗˨˖˧ˢ˥˜ˡ˗˨˦˧˥ˬʮ˧˛ˢ˨˚˛˪˘˦˛ˢ˪˘˗˚˥ˢ˪˧˛˜ˡ˔˥˘˔˦ˢ˙˧˛˘˦˘˚ˠ˘ˡ˧˪˛˘˥˘˪˘˛˔˩˘˖˟˘˔˥ʟ˗˜˙˙˘˥˘ˡ˧˜˔˧˘˗˘˫ˣˢ˦˨˥˘˧ˢ˟˘˔˗˜ˡ˚ʠ˘˗˚˘˔ˣˣ˟˜˖˔˧˜ˢˡ˦ʟ˪˛˜˖˛˛˘˟ˣ˘˗˨˦˔˖˛˜˘˩˘˥ˢ˕˨˦˧ˣ˥ˢЃ˧˔˕˜˟˜˧ˬ˜ˡ˧ˢ˧˔˟ʡʼˡ˩˘˦˧ˠ˘ˡ˧˦˜ˡ˖ˢˠˣ˘˟˟˜ˡ˚˚˥ˢ˪˧˛ˢˣˣˢ˥˧˨ˡ˜˧˜˘˦˧˛˥ˢ˨˚˛ˢ˨˧˧˛˘ʴˆˇ˦˘˚ˠ˘ˡ˧˖ˢˡ˧˜ˡ˨˘˗˜ˡʥʣʥʧʡ ˂˩˘˥˔˟˟ʟ˪˘Ѓˡ˜˦˛˘˗ʥʣʥʧˢˡ˔˦˧˥ˢˡ˚ˡˢ˧˘˔ˡ˗˖˔˥˥ˬˠˢˠ˘ˡ˧˨ˠ˔˦˪˘˛˘˔˗˜ˡ˧ˢʥʣʥʨand beyond. Sales The Evolution of Enpro Culmination of Enpro 2.0 Our Next Chapter – Enpro 3.0 ʸˡˣ˥ˢϠ˦ʥʣʥʧˠ˔˥˞˘˗˧˛˘˖ˢˠˣ˟˘˧˜ˢˡˢ˙˧˛˘ˣˢ˥˧˙ˢ˟˜ˢ˧˥˔ˡ˦˙ˢ˥ˠ˔˧˜ˢˡ˝ˢ˨˥ˡ˘ˬ˪˘˘ˠ˕˔˥˞˘˗ˢˡ˜ˡʥʣʤʬʡ˂˩˘˥˧˛˔˧˧˜ˠ˘ʟ˪˘˗˜˩˘˦˧˘˗˔ˡ˨ˠ˕˘˥ˢ˙˕˨˦˜ˡ˘˦˦˘˦˔ˡ˗ˣ˥ˢ˗˨˖˧˟˜ˡ˘˦˧˛˔˧˗˜˗ˡˢ˧ˠ˘˘˧ˢ˨˥˦˧˥˔˧˘˚˜˖˚˥ˢ˪˧˛ʟˣ˥ˢЃ˧ʟ˔ˡ˗˥˘˧˨˥ˡ˖˥˜˧˘˥˜˔ʟ˔ˡ˗˥˘˔˟˟ˢ˖˔˧˘˗ˣ˥ˢ˖˘˘˗˦˪˜˧˛˔˖˟˘˔˥˙ˢ˖˨˦ˢˡ˘˫ˣ˔ˡ˗˜ˡ˚ˢ˨˥˔ˣˣ˟˜˘˗˘ˡ˚˜ˡ˘˘˥˜ˡ˚˔ˡ˗˗˜˙˙˘˥˘ˡ˧˜˔˧˘˗˧˘˖˛ˡˢ˟ˢ˚˜˖˔˟˔ˡ˗ˣ˥ˢ˖˘˦˦˖˔ˣ˔˕˜˟˜˧˜˘˦˧ˢˣˢ˦˜˧˜ˢˡ˧˛˘˕˨˦˜ˡ˘˦˦˧ˢ˚˥ˢ˪˙˔˦˧˘˥ʟ˪˛˜˟˘˘˫ˣ˔ˡ˗˜ˡ˚ˢ˨˥ˠ˔˥˚˜ˡ˦ʡˇ˛˜˦ˣ˛˔˦˘ˢ˙ˢ˨˥˘˩ˢ˟˨˧˜ˢˡʟ˪˛˜˖˛˪˘˖˔˟˟ʸˡˣ˥ˢʥʡʣʟ˥˘˦˨˟˧˘˗˜ˡ˔ˠˢ˥˘˔˚˜˟˘ʟˣ˥ˢЃ˧˔˕˟˘ʟ˔ˡ˗ˢˣ˧˜ˠ˜˭˘˗ˣˢ˥˧˙ˢ˟˜ˢˢ˙˕˨˦˜ˡ˘˦˦˘˦˧˛˔˧˔˥˘ˣˢ˦˜˧˜ˢˡ˘˗˪˘˟˟ʟ˪˜˧˛˔ˠˣ˟˘ˢˣˣˢ˥˧˨ˡ˜˧ˬ˧ˢ˥˘˜ˡ˩˘˦˧˔ˡ˗˘˫ˣ˔ˡ˗ʡ ʼˡʥʣʥʨʟ˪˘˔˥˘˘ˠ˕˔˥˞˜ˡ˚ˢˡ˧˛˘ˡ˘˫˧ˣ˛˔˦˘ˢ˙ʸˡˣ˥ˢϠ˦ˣ˨˥ˣˢ˦˘˙˨˟˩˔˟˨˘˖˥˘˔˧˜ˢˡ˝ˢ˨˥ˡ˘ˬϞʸˡˣ˥ˢʦʡʣʡˇ˛˜˦ˣ˛˔˦˘˪˜˟˟˙ˢ˖˨˦ˢˡ˨ˡ˟ˢ˖˞˜ˡ˚˧˛˘˙˨˟˟ˣˢ˧˘ˡ˧˜˔˟ˢ˙ˢ˨˥ˣ˟˔˧˙ˢ˥ˠ˪˜˧˛˧˛˘˜ˡ˧˘ˡ˧˜ˢˡ˧ˢ˗˥˜˩˘˖ˢˡ˦˜˦˧˘ˡ˧˟ˬ˛˜˚˛˘˥˥˘˩˘ˡ˨˘˚˥ˢ˪˧˛˖ˢ˨ˣ˟˘˗˪˜˧˛˕˘˦˧ʠ˜ˡʠ˖˟˔˦˦ˣ˥ˢЃ˧˔˕˜˟˜˧ˬ˔ˡ˗˦˧˥ˢˡ˚˥˘˧˨˥ˡ˦ˢˡ˜ˡ˩˘˦˧˘˗˖˔ˣ˜˧˔˟ʡˊ˘˔˥˘˜ˡ˩˘˦˧˜ˡ˚˜ˡ˔˥˘˔˦˪˛˘˥˘˪˘˛˔˩˘˖˟˘˔˥˘ˡ˚˜ˡ˘˘˥˜ˡ˚˔ˡ˗˧˘˖˛ˡˢ˟ˢ˚˜˖˔˟˔˗˩˔ˡ˧˔˚˘˦˔ˡ˗˨˦˜ˡ˚ˢ˨˥˖ˢˡ˧˜ˡ˨ˢ˨˦˜ˠˣ˥ˢ˩˘ˠ˘ˡ˧ˣ˟˔ˬ˕ˢˢ˞˦˧ˢ˥˘˜ˠ˔˚˜ˡ˘˔˥˘˔˦˪˛˘˥˘˕ˢ˧˛˖ˢˠˠ˘˥˖˜˔˟ˠ˔˥˞˘˧˘˫ˣ˔ˡ˦˜ˢˡ˔ˡ˗˘˙Ѓ˖˜˘ˡ˖ˬˢˣˣˢ˥˧˨ˡ˜˧˜˘˦˘˫˜˦˧ʟ˪˛˜˟˘˜ˡ˦˧˜˟˟˜ˡ˚˔˚˥ˢ˪˧˛ˠ˜ˡ˗˦˘˧˔˖˥ˢ˦˦˧˛˘ˢ˥˚˔ˡ˜˭˔˧˜ˢˡʡ ʴ˦˪˘˘˫˘˖˨˧˘ˢˡʸˡˣ˥ˢʦʡʣˢ˩˘˥˧˛˘ˡ˘˫˧Ѓ˩˘ˬ˘˔˥˦ʟ˪˘˔˥˘˧˔˥˚˘˧˜ˡ˚ˠ˜˗ʠ˦˜ˡ˚˟˘˗˜˚˜˧˚˥ˢ˪˧˛˜ˡˆ˘˔˟˜ˡ˚ˇ˘˖˛ˡˢ˟ˢ˚˜˘˦˔ˡ˗˔˧˟˘˔˦˧˛˜˚˛ʠ˦˜ˡ˚˟˘˗˜˚˜˧˚˥ˢ˪˧˛˔˧ʴˆˇʡˊ˘˕˘˟˜˘˩˘˕ˢ˧˛˦˘˚ˠ˘ˡ˧˦˔˥˘˖˔ˣ˔˕˟˘ˢ˙˗˘˟˜˩˘˥˜ˡ˚˔˗˝˨˦˧˘˗˦˘˚ˠ˘ˡ˧ʸʵʼˇʷʴˠ˔˥˚˜ˡ˦˔˥ˢ˨ˡ˗ʦʣʘ˖ˢˡ˦˜˦˧˘ˡ˧˟ˬˢ˩˘˥˧˜ˠ˘ʡˇ˛˘˦˨˖˖˘˦˦˙˨˟˘˫˘˖˨˧˜ˢˡˢ˙ʸˡˣ˥ˢʦʡʣ˪˜˟˟˔˖˖˘˟˘˥˔˧˘ˢ˨˥˩˔˟˨˔˧˜ˢˡ˖˥˘˔˧˜ˢˡ˝ˢ˨˥ˡ˘ˬ˔ˡ˗˕˨˜˟˗˨ˣˢˡˢ˨˥˘˫˖˘˟˟˘ˡ˧˧˥˔˖˞˥˘˖ˢ˥˗ˢ˙˗˘˟˜˩˘˥˜ˡ˚˗ˢ˨˕˟˘ʠ˗˜˚˜˧˦˛˔˥˘˛ˢ˟˗˘˥˥˘˧˨˥ˡ˦ʡ ʾ˘ˬ˧ˢˢ˨˥˦˨˖˖˘˦˦˗˨˥˜ˡ˚˧˛˘ʥʡʣˣ˛˔˦˘˪˔˦˧˛˘ˢˣ˧˜ˠ˜˭˔˧˜ˢˡˢ˙˧˛˘ˆ˘˔˟˜ˡ˚ˇ˘˖˛ˡˢ˟ˢ˚˜˘˦˦˘˚ˠ˘ˡ˧ʟ˪˛˜˖˛˜ˡ˖˟˨˗˘˗˘ˡ˛˔ˡ˖˜ˡ˚˧˛˘˔˥˘˔˦ˢ˙˧˛˘˦˘˟˘˚˔˖ˬ˕˨˦˜ˡ˘˦˦˘˦˧˛˔˧˗˘ˠˢˡ˦˧˥˔˧˘˗˦˧˥ˢˡ˚˖ˢˠˣ˘˧˜˧˜˩˘˔˗˩˔ˡ˧˔˚˘˦˔ˡ˗ʟ˘ˡ˚˜ˡ˘˘˥˜ˡ˚˔ˡ˗˧˘˖˛ˡˢ˟ˢ˚ˬ˟˘˔˗˘˥˦˛˜ˣʟ˔˦˪˘˟˟˔˦˖ˢˡ˦˜˦˧˘ˡ˧ʟ˕˘˦˧ʠ˜ˡʠ˖˟˔˦˦ˣ˥ˢЃ˧˔˕˜˟˜˧ˬ˔ˡ˗ˣ˥˜˖˜ˡ˚ˣˢ˪˘˥ʟ˪˛˜˟˘˥˘˗˨˖˜ˡ˚ˠˢ˥˘˖ˢˠˠˢ˗˜˧˜˭˘˗˘˫ˣˢ˦˨˥˘˦˧˛˔˧˟˔˖˞˘˗˗˜˙˙˘˥˘ˡ˧˜˔˧˜ˢˡʡ ʼˡ˔˗˗˜˧˜ˢˡ˧ˢ˧˛˘˖ˢ˥˘˚˥ˢ˪˧˛˔˟˚ˢ˥˜˧˛ˠ˦˔˖˛˜˘˩˔˕˟˘˪˜˧˛˜ˡ˧ˢ˗˔ˬϠ˦ˢˣ˧˜ˠ˜˭˘˗ʸˡˣ˥ˢˣˢ˥˧˙ˢ˟˜ˢʟˢ˨˥˗˜˦˖˜ˣ˟˜ˡ˘˗˔ˣˣ˥ˢ˔˖˛˧ˢ˦˧˥˔˧˘˚˜˖˔˖ˤ˨˜˦˜˧˜ˢˡ˦˥˘ˠ˔˜ˡ˦˔ˡ˜ˠˣˢ˥˧˔ˡ˧ˣ˔˥˧ˢ˙ˢ˨˥˚˥ˢ˪˧˛˦˧˥˔˧˘˚ˬ˔˦˪˘˘ˡ˧˘˥˧˛˜˦ˡ˘˫˧˖˛˔ˣ˧˘˥ʡˊ˘˟ˢˢ˞˧ˢ˔˖ˤ˨˜˥˘ˣ˥˘ˠ˜˨ˠ˔˦˦˘˧˦˧˛˔˧ˠ˘˘˧ˢ˨˥˥˜˚ˢ˥ˢ˨˦Ѓˡ˔ˡ˖˜˔˟˔ˡ˗˦˧˥˔˧˘˚˜˖˖˥˜˧˘˥˜˔ˣ˔˧˜˘ˡ˧˟ˬ˔ˡ˗˪˜˧˛ˢ˨˧˧˛˘˨˦˘ˢ˙˘˫˖˘˦˦˟˘˩˘˥˔˚˘ʡ ʴ˦˔˥˘˦˨˟˧ˢ˙˧˛˜˦˔˚˚˥˘˦˦˜˩˘ʟ˕˨˧˜ˡ˖˥˘˗˜˕˟ˬ˦˨˖˖˘˦˦˙˨˟ˣ˘˥˜ˢ˗ˢ˙˧˥˔ˡ˦˙ˢ˥ˠ˔˧˜ˢˡʟ˪˘˘˫ˣ˔ˡ˗˘˗˔˗˝˨˦˧˘˗ʸʵʼˇʷʴˠ˔˥˚˜ˡ˦˕ˬʤʟʣʣʣ˕˔˦˜˦ˣˢ˜ˡ˧˦ʟ˪˛˜˟˘˗˘˟˜˩˘˥˜ˡ˚˔˖ˢˠˣˢ˨ˡ˗˘˗˔ˡˡ˨˔˟˦˛˔